Latin American Air Industry Fares Well in 2017

Latin American Air Industry Fares Well in 2017

Latin American Air Industry Fares Well in 2017

Geneva, Dec 5 (Prensa Latina) The International Air Transport Association (IATA) considered today that industry in that sector in Latin America will receive the same revenues as last year.

This element means the airline industry will earn the same as last year, some 700 million dollars, although it will show considerable earnings during 2018.

Such a perspective will facilitate a top of 900 million dollars for the following year, always according to IATA.

This means the black year of 2015, when the sector registered losses for 1.7 billion dollars.

IATA Regional Vicepresident for the Americas, Peter Cerda, explained the result expected for next year implies that Latin American airlines will retain three dollars per passenger transported.

This amount is however way below the yield of 16 dollars per passenger obtained by U.S. airlines.

As demand goes, IATA, which represents some 265 airlines, will grow eight percent in 2018, exceeding the 7.5 percent growth of 2017 and 4.5 percent in 2016.

As for the capacity, this will increase by 7.5 percent next year compared to 5.9 percent with which it ended the previous year.

The operative margin on benefits will be for Latin America in 6.5 percent next year, eight tenths over the present year. The región nears 2018 with the boost given by a moderate recovery of the Brazilian economy, a reasonable growth in Mexico and a weaker U.S. dollar during the past year, indicates IATA.

Air transport is vital for Latin America and the Caribbean, and promotes growth, as it contributes 167 billion dollars to the Gross Domestic Product (GDP) and supports 5.2 million jobs.

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Latin American Air Industry Fares Well in 2017

Geneva, Dec 5 (Prensa Latina) The International Air Transport Association (IATA) considered today that industry in that sector in Latin America will receive the same revenues as last year.

This element means the airline industry will earn the same as last year, some 700 million dollars, although it will show considerable earnings during 2018.

Such a perspective will facilitate a top of 900 million dollars for the following year, always according to IATA.

This means the black year of 2015, when the sector registered losses for 1.7 billion dollars.

IATA Regional Vicepresident for the Americas, Peter Cerda, explained the result expected for next year implies that Latin American airlines will retain three dollars per passenger transported.

This amount is however way below the yield of 16 dollars per passenger obtained by U.S. airlines.

As demand goes, IATA, which represents some 265 airlines, will grow eight percent in 2018, exceeding the 7.5 percent growth of 2017 and 4.5 percent in 2016.

As for the capacity, this will increase by 7.5 percent next year compared to 5.9 percent with which it ended the previous year.

The operative margin on benefits will be for Latin America in 6.5 percent next year, eight tenths over the present year. The región nears 2018 with the boost given by a moderate recovery of the Brazilian economy, a reasonable growth in Mexico and a weaker U.S. dollar during the past year, indicates IATA.

Air transport is vital for Latin America and the Caribbean, and promotes growth, as it contributes 167 billion dollars to the Gross Domestic Product (GDP) and supports 5.2 million jobs.